landinho wrote: September 8th, 2023, 2:41 pm
The other threads are huge and were about other things (claiming there would be no vote etc…) so starting one here for discussing the upcoming vote now it is announced
Can we all keep it civil and stick to discussing what we want from bidders and the board, in the interests of NCAFC?
Breaking down what we know as of right now:
Issued 8am 08/Sept - https://www.newport-county.co.uk/news/2 ... ub-update/
Argus article on the topic
https://www.southwalesargus.co.uk/sport ... investors/
Colin Everett has given the following response
to a question about multiple bids
As set out at the August meeting the Board will evaluate the bids, if more than one is received, and recommend it's preferred bidder to the Trust. Full explanation will be given why at the meeting. Both bidders are fully aware of the process.
A number of points arising.
I have no problem with the concept of the incumbent board having a preferred bidder.
The first point is that whether the board have a preferred bidder or not, it is surely for the whole trust to choose. It is not clear whether that option is open.
Secondly, who gets to vote? Just people who can attend on the night? People who can attend on the night and people who appoint a proxy able to attend? Or all Trust members? It should be the latter of the three but again who knows.
Thirdly anyone who thinks they can evaluate which they believe to be the best bid, if given only a biased presentation on the night is mistaken. Bias especially unconscious bias, is extremely difficult to overcome.
There is only one proper way to do this. Every trust member should be sent and/or emailed both bids, if two bids there be, with all the details. The meeting on the 28th should be for both bidders to make a presentation. The meeting should be broadcast via the internet. And then everyone entitled to vote should be given the opportunity to do so.
And if anyone tries the excuse that the cost is prohibitive then frankly email is free, even a techniphobe like me can broadcast via Youtube, and in any event the entire future of our club depends upon this.